Pay Default. Where the Customer has selected the pay default option, the Bank may finally pay and charge to the Authorized Account any Exception Check, excluding checks presented for immediate payment as outlined in this Payment and Dishonor of Exception Checks section, provided that the Customer has not objected to such payment in a timely Pay/Return Request.
Appears in 2 contracts
Sources: Treasury Management Services Master Agreement, Treasury Management Services Master Agreement
Pay Default. Where the Customer has selected the pay default option, the Bank may finally pay and charge to the Authorized Account any Exception Check, excluding checks presented for immediate payment as outlined in this Payment and Dishonor of Exception Checks section, provided Check drawn on that the Customer has not objected to such payment in a timely Pay/Return RequestAuthorized Account.
Appears in 1 contract
Sources: Cash Management Master Agreement